Elinor Mertz Sells 6,250 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $135.86, for a total transaction of $849,125.00. Following the completion of the sale, the chief financial officer owned 461,361 shares in the company, valued at approximately $62,680,505.46. This trade represents a 1.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Elinor Mertz also recently made the following trade(s):

• On Wednesday, June 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $132.28, for a total transaction of $826,750.00.
• On Monday, June 2nd, Elinor Mertz sold 4,809 shares of Airbnb stock. The shares were sold at an average price of $128.85, for a total transaction of $619,639.65.
• On Monday, May 5th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $123.43, for a total transaction of $771,437.50.

Airbnb Stock Performance

Shares of Airbnb stock traded down $1.28 on Friday, reaching $135.72. The company had a trading volume of 1,674,040 shares, compared to its average volume of 5,030,221. The firm's 50 day moving average price is $132.80 and its two-hundred day moving average price is $130.63. The firm has a market cap of $85.02 billion, a PE ratio of 34.27, a PEG ratio of 2.56 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the previous year, the company earned $0.41 earnings per share. Airbnb's quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in Airbnb by 13.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,270 shares of the company's stock worth $565,000 after buying an additional 522 shares during the period. CX Institutional increased its stake in Airbnb by 21.8% during the 2nd quarter. CX Institutional now owns 2,048 shares of the company's stock worth $271,000 after buying an additional 367 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Airbnb by 4.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 18,103 shares of the company's stock worth $2,395,000 after buying an additional 800 shares during the period. IFM Investors Pty Ltd grew its holdings in Airbnb by 3.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 85,400 shares of the company's stock worth $11,302,000 after acquiring an additional 3,068 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in Airbnb by 2.3% during the 2nd quarter. Grove Bank & Trust now owns 22,519 shares of the company's stock worth $2,980,000 after acquiring an additional 504 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Evercore ISI dropped their target price on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company boosted their price target on shares of Airbnb from $104.00 to $111.00 and gave the stock an "underweight" rating in a research report on Monday. Canaccord Genuity Group lowered their price target on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Truist Financial restated a "sell" rating and set a $106.00 price target (down from $112.00) on shares of Airbnb in a research report on Friday, May 30th. Finally, Barclays lowered their price target on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Airbnb currently has a consensus rating of "Hold" and an average price target of $141.47.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.